By Jennifer Rigby LONDON (Reuters) -If rich nations think the pandemic is over, they should help lower-income countries reach that point too, a senior World Health Organization official told Reuters. In an interview, WHO senior adviser Bruce Aylward wa…
Two Aveva shareholders plan to oppose Schneider takeover offer
(Reuters) – Canada-based Mawer Investment Management and M&G Investments, shareholders in Aveva Plc, intend to reject Schneider Electric’s 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer “opportunistic”. French industrial group Sc…
Global climate change protests demand compensation ahead of COP27
By Kate Abnett BRUSSELS (Reuters) -Young activists rallied for climate action on Friday, staging protests from New Zealand and Japan to Germany and the Democratic Republic of Congo to demand that rich countries pay for the damage global warming is infl…
Mercedes-Benz not planning any acquisitions, CEO says
BERLIN (Reuters) – Mercedes-Benz is not currently looking at acquisitions as a means to carry out its strategy of repositioning the carmaker as a luxury firm, chief executive Ola Kaellenius said on Friday. “There are no acquisitions on the cards,” Kael…
Italy expects to raise almost $4 billion from renewable clawback scheme
ROME (Reuters) – Italy expects to raise almost 4 billion euros ($3.9 billion) from a scheme to claw back profits from solar and clean power producers to curb soaring energy prices, a government document seen by Reuters showed on Friday. Italian Prime M…
Analysis-UK bonds and pound at centre of storm as tax shock hammers confidence
By David Milliken, Dhara Ranasinghe and Tommy Wilkes LONDON (Reuters) – Britain’s bond market suffered its biggest daily fall in decades on Friday and is expected to slump further, as investors choked on the prospect of hundreds of billions of pounds i…
MFE teams up with France’s Niel to bid for TV company M6-sources
By Elvira Pollina MILAN (Reuters) -Italian broadcaster MediaForEurope has joined forces with French billionaire Xavier Niel to submit a non-binding offer for a controlling stake in French TV company M6, two sources familiar with the matter said on Frid…
Hungary submits new anti-graft bills to avoid losing EU funds
BUDAPEST (Reuters) – Hungary’s justice minister has submitted a second batch of anti-corruption bills to parliament on Friday as Budapest gears up its efforts to avoid losing vital European Union funding, which could hit its currency and economy. The E…
FTSE 100 hits 3-month closing low after new economic plan spooks investors
By Sruthi Shankar (Reuters) -UK’s FTSE 100 hit three-month closing lows on Friday after Britain’s new finance minister Kwasi Kwarteng unveiled historic tax cuts and spending plans to boost the economy, but knocked market sentiment as investor concerns …
UK’s finance minister says his economic strategy is not a gamble – BBC
LONDON (Reuters) – Britain’s new finance minister Kwasi Kwarteng said on Friday that the government’s changes to tax, stamp duty and spending were not a gamble. “What was (a gamble) in my view, was sticking to the course we were on,” he told the BBC in…